Agility posts net profit of 20m Kuwaiti dinars

Kuwaiti logistics firm Agility reported third quarter earnings of 13.8 fils per share on a net profit of 20 million Kuwaiti dinars, an increase of 12.3 per cent over the same period in 2017.

Agility’s earnings before interest, tax, depreciation and amortisation (EBITDA) grew 14.8 per cent to 39.2 million dinars, while revenue increased 10 per cent to 394.4 million dinars.

For the first nine months of the year, earnings rose to 40.7 fils per share and net profit increased 19.7 per cent to 58.9 million dinars. (Staff Report)